1435 W Groesbeck St - Multi-Family FOR SALE


Stephenville, TX 76401
$550,000 USD
254-965-7653
1435 W Groesbeck St, Stephenville, TX for Sale
$550,000 USD
Multi-Family - FOR SALE
1/25
null | Request Cap Rate

1435 W Groesbeck St
Stephenville, TX 76401


HIGHLIGHTS

  • Close to Tarleton State University
  • Potential double lot
  • Zoned for Multifamily
  • Immediate Rental income with stable tenants

OVERVIEW

Prime Multi-family investment opportunity! Two home bundle sitting on a combined .68 acre lot if replatted, and already zoned R-3. Unlock the perfect blend of steady cash flow and long-term development potential with this rare two home bundle! Both homes feature three bedrooms and 1 full bathroom, and are tenant occupied throughout the next year, bringing you immediate rental income from day one. Replat and build a multi-family complex while collecting rental income during the planning phase! You'll appreciate the solid location just minutes from the ever growing Tarleton State University. With increasing rental demand, and stable tenants, you can rest assured your investment delivers versatility and value. Whether you're looking to expand your rental portfolio or break ground on your next development, you'll want to see this one. Schedule your showing today!

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

2

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1435 Groesbeck Street, Stephenville, TX 76401

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

R-3

APN/PARCEL ID

R000033650,R000033651

ASK ABOUT THIS PROPERTY

Eric HaydenEbby Halliday StephenvilleMore Info
254-965-7653

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Eric HaydenEbby Halliday StephenvilleMore Info
254-965-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.